Biotech Values

[vinmantoo]

Great post willyw.

I was assuming that if there was an agreement it would be announced at the presentation. At market close I saw that there wasn't. I knew the stock would drop. That's the market talking.

I didn't expect ENTA to announce a partnership during the CC. Don't get me wrong as I would have loved to hear about one but I didn't expect it. ENTA has a good cash stockpile and they are in contact with the FDA to flesh out what the phase 3 trials should entail, which is valuable information for any prospective partner. In my view, a partnership would need to be announced at some point later in the year but before the expected increase in Covid cases in winter.